Atlas Air Worldwide’s (AAWW) “Downgrade” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their downgrade rating on shares of Atlas Air Worldwide (NASDAQ:AAWWGet Rating) in a research report sent to investors on Wednesday, Benzinga reports.

A number of other research analysts also recently issued reports on AAWW. Wolfe Research upgraded Atlas Air Worldwide from an underperform rating to a market perform rating in a report on Wednesday. StockNews.com downgraded Atlas Air Worldwide from a buy rating to a hold rating in a report on Monday, August 1st. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $87.75.

Atlas Air Worldwide Trading Down 0.1 %

Shares of NASDAQ AAWW opened at $99.65 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $73.35. The firm has a market cap of $2.81 billion, a PE ratio of 6.88 and a beta of 1.31. Atlas Air Worldwide has a twelve month low of $58.70 and a twelve month high of $99.90.

Atlas Air Worldwide (NASDAQ:AAWWGet Rating) last issued its earnings results on Thursday, August 4th. The transportation company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.06. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. Atlas Air Worldwide had a return on equity of 19.88% and a net margin of 10.60%. Atlas Air Worldwide’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 EPS. Analysts expect that Atlas Air Worldwide will post 16.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John W. Dietrich sold 39,463 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $84.13, for a total transaction of $3,320,022.19. Following the transaction, the chief executive officer now directly owns 64,989 shares in the company, valued at approximately $5,467,524.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versor Investments LP purchased a new position in Atlas Air Worldwide during the 1st quarter worth $583,000. Waterfront Wealth Inc. lifted its position in Atlas Air Worldwide by 2.1% during the 4th quarter. Waterfront Wealth Inc. now owns 30,578 shares of the transportation company’s stock worth $2,878,000 after acquiring an additional 616 shares during the period. AlphaCrest Capital Management LLC lifted its position in Atlas Air Worldwide by 425.1% during the 4th quarter. AlphaCrest Capital Management LLC now owns 22,979 shares of the transportation company’s stock worth $2,163,000 after acquiring an additional 18,603 shares during the period. D L Carlson Investment Group Inc. lifted its position in Atlas Air Worldwide by 71.1% during the 4th quarter. D L Carlson Investment Group Inc. now owns 73,195 shares of the transportation company’s stock worth $6,889,000 after acquiring an additional 30,425 shares during the period. Finally, BTC Capital Management Inc. lifted its position in Atlas Air Worldwide by 16.4% during the 1st quarter. BTC Capital Management Inc. now owns 3,658 shares of the transportation company’s stock worth $316,000 after acquiring an additional 515 shares during the period.

Atlas Air Worldwide Company Profile

(Get Rating)

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through two segments, Airline Operations and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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